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Calif. regulator investigating Anthem’s claims data for future filings

With one rate hike request withdrawn due to miscalculations, the California Department of Insurance says it is taking a closer look at the validity of claims data used by Anthem Blue Cross. Steve...

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Insurers defend investments amid California probe into ties to Iran

National insurance companies are defending their business practices after being included on a list released by the California Department of Insurance of those refusing a voluntary moratorium on future...

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Aetna withdraws 25% rate hike plan in Calif. after review finds errors

Aetna withdrew a 19% rate increase in California after “substantial mathematical errors” were uncovered during the state’s review, state insurance regulators said. Steve Poizner California Insurance...

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California’s get-tough law on illegal rescissions takes effect Aug. 18

California Insurance Commissioner Steve Poizner said new regulations designed to combat illegal rescissions will go into effect on August 18. Steve Poizner “Keeping your health insurance can literally...

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California, Florida addressing insurance issues for vacant homes

California’s insurance commissioner is warning homeowners in his state to review their homeowners’ policy with an eye on vacancy protection. Steve Poizner Steve Poizner said that as homeowners find...

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Poizner’s actions on insurers’ Iranian investments ruled ‘improper’

The California Office of Administrative Law (OAL) declared the state insurance commissioner’s actions against insurers holding investment relations with Iran to be “improper.” Steve Poizner The OAL...

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California insurance commissioner sues to stop Iran investments

California Commissioner Steve Poizner filed a lawsuit challenging the state Office of Administrative Law’s (OAL) ruling that his efforts to stop insurers from investing in Iran constituted an...

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California insurance agent pleads guilty to $6.3 million Ponzi scheme

A Sacramento, Calif., insurance agent pleaded guilty to 13 felony counts of grand theft in connection with a five-year Ponzi scheme resulting in a total loss of $6.3 million. William A. Sassman, a...

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New Calif. insurance commissioner acts to impose MLR rules

California’s new state insurance commissioner, Dave Jones, issued emergency regulations making the state’s medical loss ratio provisions match those included in the federal health reform law. Dave...

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California, insurance companies settle suits over investments in Iran

California’s insurance commissioner announced the end to a pair of civil suits, filed over his agency’s efforts to force insurance companies to stop investing in corporations working in Iran. Steve...

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